13 Facts About Development theory

Development theory is a collection of theories about how desirable change in society is best achieved.

The theory looks at which aspects of countries are beneficial and which constitute obstacles for economic development.

Development theory argued that economic development could be led by certain strong sectors; this is in contrast to for instance Marxism which states that sectors should develop equally.

Structuralism is a development theory which focuses on structural aspects which impede the economic growth of developing countries.

Dependency Development theory is essentially a follow up to structuralist thinking, and shares many of its core ideas.

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Development theory argues that this system inherently leads to a division of the world in core, semi-periphery and periphery.

Neoclassical development theory has it origins in its predecessor: classical economics.

Neoclassical development theory became influential towards the end of the 1970s, fired by the election of Margaret Thatcher in the UK and Ronald Reagan in the USA.

One of the implications of the neoclassical development theory for developing countries were the Structural Adjustment Programmes which the World Bank and the International Monetary Fund wanted them to adopt.

Postdevelopment theory is a school of thought which questions the idea of national economic development altogether.

Development theory thinking has been dominated by the West and is very ethnocentric, according to Sachs.

Development theory is being seen as a loss of a country's own culture, people's perception of themselves and modes of life.

Human development theory is a theory which uses ideas from different origins, such as ecology, sustainable development, feminism and welfare economics.